Archive for September, 2014

At UN Meeting, Tolerance And Education Highlighted As Critical Allies Against Terrorism


The international community must act swiftly and concretely to confront the root causes of violent extremism, United Nations Secretary-General Ban Ki-moon said today, underlining the need to address terrorism through more comprehensive and holistic efforts. (more…)

Maghreb news 2014-09-30

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Economy | 2014-09-30
Algeria launches religious reform
The call by Algeria’s religious affairs minister to restore “a moderate form of Islam” sparks reaction from the blogosphere. (more…)

Gulfsands Petroleum Aims To Commercialise Morocco Find By Year-end


LTU-1, on the Rharb Central permit, was drilled to a depth of 1,182 metres and encountered a 12 metre gross reservoir section.

Gulfsands Petroleum (LON:GPX) said it is full steam ahead in Morocco, where it made a significant gas discovery in July. (more…)

Maghreb news 2014-09-29

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Terrorism | 2014-09-29
Benghazi violence continues
Blood-soaked Benghazi sees no let-up in a wave of targeted assassinations. (more…)

Morocco’s BMCE Bank Says H1 Net Profit Rises 51 pct


bmce bank

Morocco’s BMCE Bank said net profit rose 51 percent to 902 million dirhams ($103.29 million) in the first half of 2014. (more…)

Spain And Morocco Arrest Militants “Linked To Islamic State”


Spanish and Moroccan police have arrested nine people suspected of belonging to a militant cell linked to Islamic State, including the leader of the cell, Spain’s Interior Ministry said on Friday.

Islamic State

The ministry said the nine belonged to a group based in the Spanish enclave of Melilla on the northern coast of Africa and neighbouring Nador in Morocco. (more…)

Moroccan Housebuilder Addoha Posts Small Rise In Profit


Addoha, Morocco’s biggest property developer by market value, posted a 2.1 percent rise in first-half net profit on Friday, as rising sales helped to offset a government-driven squeeze on margins.

The company said it made a net profit of 608 million dirhams ($70 million) on an 11 percent rise in consolidated sales revenues to 3.36 billion dirhams. (more…)

Moroccan Port Poised For Investment


The blossoming economy in Morocco is presenting opportunities for port investment, and officials are hoping good news could spur up to $8 billion in new port infrastructure. (more…)

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